Following the cancelation of the minimum profit tax starting with 1st October, the Romanian tax authority decided to split the fiscal year 2010 in two reporting periods: 01.01.2010 – 30.09.2010 and 01.10.2010 – 31.12.2010. Previous tax payers subject to the minimum profit tax will have to now prepare two profit tax declarations (form 101), as follows:
For the first period, 01.01.2010 – 30.09.2010, deadline for the profit tax return is 25th February 2011;
For the second period, 01.10.2010 – 31.12.2010 deadline may be 25th February (if the financial result is final and approved) or postponed for 25th of April 2011.
Source: Order no.2689/16.11.2010 of the President of the National Agency for Tax Administration, published on 25 November 2010 in the Official Gazette no.789.